SunSirs: Chloroform Market Fluctuated and Consolidated（May 29-June 5）
June 06 2023 14:00:31 SunSirs (John)
Price trend
This week (5.29-6.5), the market for chloroform fluctuated and consolidated. According to data from SunSirs, as of June 5th, the price of bulk chloroform in Shandong Province was 2,225 RMB/ton, unchanged from last Monday, with a cycle high of 2,275 RMB/ton. The price of raw material methanol fluctuated weakly, and the cost support for chloroform was weak; The replenishment actions of some downstream enterprises had come to an end, and the demand for chloroform had weakened again, causing the market for chloroform to fluctuate and decline.
Analysis review
The operating rate of methane chloride plants fluctuated slightly this week (5.29-6.5)
This week (5.29-6.5), the price of raw material methanol stabilized at a low level, and the cost support for chloroform was still weak. According to the Commodity Market Analysis System of SunSirs, as of June 5th, the spot price of methanol was 2,180 RMB/ton, a decrease of 1.28% from last Monday's 2,208 RMB/ton, and the low point during the cycle was 2,160 RMB/ton.
The short-term replenishment orders ended, coupled with the peak season in the domestic refrigerant market gradually ended, the devices of some downstream refrigerant R22 enterprises stopped for maintenance and prices temporarily stabilized. In the short term, chloroform had risen and then decreased. In addition, the total production quota of R22 had been reduced by 19% to 181,800 tons in 2023, making it difficult to improve the demand for chloroform in the medium to long term.
Market outlook
According to methane chloride data analysts from SunSirs, although the overall domestic demand support for chloroform was weak, coupled with low cost consolidation, it is expected that the market for chloroform will fluctuate in a narrow range in the future.
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- 2023-12-14 SunSirs: The Chloroform Market Was Weakly Consolidated
- 2023-12-04 SunSirs: The Overall Market Trend of Chloroform in November Had Declined
- 2023-11-23 SunSirs: The Market Situation of Chloroform Was Weak and Significantly Declined
